Livforsakringsbolaget Skandia Omsesidigt Has $5.11 Million Stock Position in McDonald’s Corporation $MCD

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 19.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,820 shares of the fast-food giant’s stock after selling 4,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in McDonald’s were worth $5,111,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Evergreen Private Wealth LLC boosted its holdings in shares of McDonald’s by 162.5% in the 3rd quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after buying an additional 52 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in McDonald’s during the second quarter worth $29,000. Traub Capital Management LLC acquired a new position in McDonald’s during the second quarter worth $29,000. Davis Capital Management bought a new stake in McDonald’s during the third quarter worth $37,000. Finally, Miller Wealth Advisors LLC bought a new stake in McDonald’s during the third quarter worth $38,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MCD. BTIG Research lifted their price objective on shares of McDonald’s from $360.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Royal Bank Of Canada upped their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Jefferies Financial Group raised their target price on shares of McDonald’s from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on McDonald’s from $305.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Finally, Piper Sandler boosted their price target on McDonald’s from $323.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $339.69.

Check Out Our Latest Analysis on MCD

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 4,692 shares of McDonald’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $331.00, for a total transaction of $1,553,052.00. Following the completion of the sale, the chief marketing officer directly owned 6,200 shares of the company’s stock, valued at approximately $2,052,200. This trade represents a 43.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 2,626 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $328.34, for a total value of $862,220.84. Following the completion of the sale, the insider owned 8,733 shares of the company’s stock, valued at $2,867,393.22. This trade represents a 23.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 71,657 shares of company stock worth $23,722,204. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $326.38 on Wednesday. The company’s 50-day moving average is $321.29 and its 200-day moving average is $311.70. The firm has a market capitalization of $231.86 billion, a PE ratio of 27.31, a PEG ratio of 2.90 and a beta of 0.51. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last announced its earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 EPS for the quarter, topping the consensus estimate of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. McDonald’s’s revenue was up 9.7% compared to the same quarter last year. Analysts predict that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, March 3rd. McDonald’s’s payout ratio is currently 62.26%.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

See Also

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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